Murdoch’s Fox Buys Roku, the No. 1 U.S. Streaming Platform, for $22 Billion
Fox secures the No. 1 platform after beating Google and Amazon on market share.
Fox shares plunged 15% amid concerns about financial strain from the large acquisition
The expansion of the media empire has no end. Fox Corporation, a longtime media heavyweight that dominated 20th-century living rooms, has swallowed Roku, the gateway to the digital living room of the 21st century, for $22 billion (about 33 trillion won).
